What does CDC stand for?

It was founded in December 2007 by NYSE Euronext and Caisse des Depots.

Since 1997, Transdev has been a subsidiary of French bankers, Caisse des Depots et Consignation.

This is the first time since launch that we have opened the Club to new members, and ICD is among the first of several prestigious institutions to join from across the global spectrum encompassing the Middle East, North Africa, Russia, China and the Americas," said Augustin de Romanet, Chairman of the Long-Term Investors Club, and Chairman and Chief Executive Officer of Caisse des Depots, a preeminent public-sector financial institution that performs public interest missions on behalf of France under the supervision of the French Parliament.

It will be managed by the state-controlled bank Caisse des Depots et Consignations under parliament supervision.

French state owned Caisse des Depots et Consignations holds 11.

Augustin de Romanet, chief executive officer of Caisse des Depots, the French State Fund, underlined the role of SWFs in the global market and their growing capitalisation "from $3 000 billion today to $15,000 billion in the near future.

The state-controlled Caisse des Depots et des Consignations, or CDC, will be the chosen "instrument for this policy of defense and promoting the primordial economic interests of the nation," he said at a Paris news conference.

Loomis Sayles is a unit of France's Caisse des Depots et Consignations, a state-owned money manager with $283 billion in assets.